Axcelis Technologies, Inc. (ACLS) vs Amkor Technology, Inc. (AMKR)

Axcelis Technologies, Inc. and Amkor Technology, Inc. are both Semiconductor Equipment & Materials companies. Amkor Technology, Inc. is the larger, with a market value of $7.6B against $2.8B — 2.7× the size. Amkor Technology, Inc. trades at the lower P/E: 13.1× against 29.2×. Amkor Technology, Inc. grew revenue faster over the last twelve months: 15.7% against 4.35%. Axcelis Technologies, Inc. has the higher net margin (11.8% vs 8.30%) and the lower return on invested capital (8.43% vs 9.01%). Across the 21 metrics below, Axcelis Technologies, Inc. leads on 11 and Amkor Technology, Inc. on 10.

Valuation

Metric ACLS AMKR Semiconductor Equipment & Materials median
P/E 29.18 13.08 35.94
P/S 3.43 1.09 4.44
P/B 2.75 1.68 3.09
Price to free cash flow 51.01 n/m 33.07
EV/EBITDA 25.34 5.79 23.48
EV/Sales 2.96 1.10 5.23
Earnings yield 3.43% 7.64% 2.34%
Free cash flow yield 1.96% (0.18%) 2.18%

Profitability

Metric ACLS AMKR Semiconductor Equipment & Materials median
Gross margin 42.81% 16.56% 46.86%
Operating margin 10.31% 9.51% 12.02%
Net margin 11.75% 8.30% 10.20%
Free cash flow margin 6.73% (0.20%) 6.73%
Return on equity 9.80% 13.50% 5.32%
Return on assets 7.39% 6.80% 4.10%
Return on invested capital 8.43% 9.01% 6.36%

Growth

Metric ACLS AMKR Semiconductor Equipment & Materials median
Revenue growth (TTM) 4.35% 15.70% 16.16%
EPS growth (last fiscal year) (38.21%) 4.90% (4.56%)
Revenue growth, 5-year CAGR 12.07% 5.84% 10.11%
Net income growth, 5-year CAGR 19.19% 2.03% 0.00%

Health

Metric ACLS AMKR Semiconductor Equipment & Materials median
Debt to equity 0.04 0.51 0.09
Current ratio 4.43 2.17 3.44
Net debt to EBITDA (2.51) (0.49) (0.49)

Dividend

Metric ACLS AMKR Semiconductor Equipment & Materials median
Dividend yield — 1.02% 0.55%
Payout ratio — 0.13 0.16

Size

Metric ACLS AMKR Semiconductor Equipment & Materials median
Market cap 2.78b 7.56b 2.69b

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